The live action adaptation of the graphic novel Red has finally begun production according to a press release sent out by Summit Entertainment. Yes, the studio behind Twilight has other interests besides the vampire series, and they’re also expecting this film to be a big hit.

Red won’t be your typical comic book movie thanks to its extraordinary cast led by Bruce Willis who is supported by Oscar winners Helen Mirren and Morgan Freeman. “Weeds” star Mary Louise Parker is also on board, as well as, screen legend Ernest Borgnine who’s still around and kicking.

The story for Red centers on Frank Moses (Willis), a former black-ops CIA agent, who is now living a quiet life. That is, until the day a hi-tech assassin shows up intent on killing him. With his identity compromised and the life of the woman he cares for, Sarah (Parker), endangered, Frank reassembles his old team (Freeman, John Malkovich and Mirren) in a last ditch effort to survive.

Red is currently shooting in Toronto, Canada and is directed by Robert Schwentke. They will film in and around the Toronto metropolitan area for nine weeks before moving on to the road and ending in New Orleans in late March for the final two weeks of principal photography. The movie is scheduled for worldwide release on October 22, 2010. I don’t know about you but I hope this movie turns out to be one of the few great comic book films out there.

Do you think Summit can produce a successful adaptation of Red?